So far this year the numbers are all down for Imperial Oil.
The nation’s second largest oil producer says profit dropped 217-million dollars to just under 800-million.
It’s production fell 2 percent to average 284-thousand barrels per day and cash flow fell to 597-million from 1.05-billion a year earlier.
It says it’s been struggling with start-up problems at it’s 110,000 barrel per day Kearl project that will eventually become 345,000.
The 13 billion dollar project is the first new project to open in the area since 2008.
The site about 70 kilometres north of Fort McMurray was supposed to begin producing by the end of last year, but is now scheduled for this year’s third quarter.
Exxon Mobil owns 69.9 percent of Imperial.
April 25th, 2013
